Stanley Druckenmiller buys Bitdeer and Hyperliquid Strategies shares for $87.8 million

According to news, Duquesne Family Office founder Stanley Druckenmiller bought 4.1 million shares of high-performance computing company Bitdeer Technologies Group (BTDR) in the second quarter, with a position value of over $64.7 million, with an average purchase price of $12.26. The company produces cryptocurrency mining hardware and operates data centers in the US and beyond.

Additionally, Druckenmiller bought 2.9 million shares of HYPE digital asset treasury company Hyperliquid Strategies (PURR), holding positions worth $23.1 million, and indirectly gained HYPE exposure. Hyperliquid Strategies aims to provide US and institutional investors with HYPE token-related investment channels. Druckenmiller's operation is similar to Jane Street and Citadel's increase in BTDR over the same period. Jane Street currently holds shares worth more than $112 million in BTDR. BlackRock, State Street, and Citadel also increased their PURR holdings in the second quarter; HYPE previously rose to record highs due to related compliance developments.